Wight Corporation has provided its contribution format income statement for June. The company produces and sells a single product Sales (5,500 units) Variable expenses Contribution margin Fixed expenses Net operating income $220,000 99,000 121,000 47,000 $ 74,000 If the company sells 5,600 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice $123,200 $121,000 $125,000 $75.345 Pra A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold Sales revenue Variable manufacturing expense Fixed manufacturing expense Variable selling and administrative expense Fixed selling and administrative expense Net operating income The company's contribution margin ratio is closest to: Multiple Choice O 48.1% 28.0% 79.9% 76.9% 500,000 $1,810,000 940,000 $ $ 226,000 $ 364,000 $ 192,000 $ 88,000